The New York TimesThe New York Times

Europe fears U.S. aid will divert investment in battery factories

By Jack Ewing and Melissa Eddy

01 Jun 2023 · 6 min read

informed Summary

  1. The U.S. and Europe are pouring money into the EV industry, but some say these efforts could cancel each other out.

VASTERAS, Sweden — European leaders complained for years that the United States was not doing enough to fight climate change. Now that the Biden administration has devoted hundreds of billions of dollars to that cause, many Europeans are complaining that the United States is going about it the wrong way.

That new critique is born of a deep fear in Germany, France, Britain and other European countries that Washington’s approach will hurt the allies it ought to be working with, luring away much of the new investments in electric car and battery factories not already destined for China, South Korea and other Asian countries.

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